Credit Agricole S A Maintains Position in Dril-Quip, Inc. (DRQ)

Credit Agricole S A maintained its stake in Dril-Quip, Inc. (NYSE:DRQ) during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,826 shares of the oil and gas company’s stock at the end of the fourth quarter. Credit Agricole S A’s holdings in Dril-Quip were worth $170,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DRQ. Victory Capital Management Inc. increased its position in Dril-Quip by 25,556.5% in the third quarter. Victory Capital Management Inc. now owns 305,825 shares of the oil and gas company’s stock worth $17,047,000 after buying an additional 304,633 shares during the last quarter. First Quadrant L P CA increased its position in Dril-Quip by 14,549.2% in the third quarter. First Quadrant L P CA now owns 292,984 shares of the oil and gas company’s stock worth $16,331,000 after buying an additional 290,984 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in Dril-Quip by 17.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,897,147 shares of the oil and gas company’s stock worth $105,747,000 after buying an additional 281,198 shares during the last quarter. JPMorgan Chase & Co. increased its position in Dril-Quip by 40.6% in the third quarter. JPMorgan Chase & Co. now owns 743,417 shares of the oil and gas company’s stock worth $41,438,000 after buying an additional 214,640 shares during the last quarter. Finally, First Trust Advisors LP increased its position in Dril-Quip by 26.3% in the third quarter. First Trust Advisors LP now owns 891,977 shares of the oil and gas company’s stock worth $49,719,000 after buying an additional 185,973 shares during the last quarter.

Institutional Ownership by Quarter for Dril-Quip (NYSE:DRQ)

Dril-Quip, Inc. (NYSE:DRQ) traded down 0.819% during mid-day trading on Friday, hitting $51.475. 385,563 shares of the stock traded hands. The firm’s 50-day moving average is $53.67 and its 200 day moving average is $57.27. The firm has a market cap of $1.95 billion, a P/E ratio of 20.840 and a beta of 0.73. Dril-Quip, Inc. has a 52-week low of $46.90 and a 52-week high of $69.40.

Dril-Quip (NYSE:DRQ) last announced its quarterly earnings results on Tuesday, February 28th. The oil and gas company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.07. The company had revenue of $106.09 million for the quarter, compared to analysts’ expectations of $115.44 million. Dril-Quip had a net margin of 22.12% and a return on equity of 8.51%. The firm’s revenue was down 47.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. Equities analysts predict that Dril-Quip, Inc. will post $0.21 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Credit Agricole S A Maintains Position in Dril-Quip, Inc. (DRQ)” was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.chaffeybreeze.com/2017/04/21/credit-agricole-s-a-has-170000-position-in-dril-quip-inc-drq-updated-updated.html.

A number of research analysts recently issued reports on DRQ shares. Zacks Investment Research upgraded shares of Dril-Quip from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, February 23rd. Barclays PLC upgraded shares of Dril-Quip from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $54.00 to $77.00 in a research report on Monday, January 9th. Guggenheim downgraded shares of Dril-Quip from a “buy” rating to a “neutral” rating in a report on Wednesday, March 1st. Finally, Scotiabank set a $65.00 price objective on shares of Dril-Quip and gave the stock a “hold” rating in a report on Thursday, March 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $62.89.

Dril-Quip Company Profile

Dril-Quip, Inc (Dril-Quip) designs, manufactures, sells and services engineered drilling and production equipment. The Company’s operations are organized into three geographic segments: Western Hemisphere, including North and South America, headquartered in Houston, Texas; Eastern Hemisphere, including Europe and Africa, headquartered in Aberdeen, Scotland, and Asia-Pacific, including the Pacific Rim, Southeast Asia, Australia, India and the Middle East, headquartered in Singapore.

5 Day Chart for NYSE:DRQ

Receive News & Ratings for Dril-Quip Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dril-Quip Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply